- Dogecoin loses over 35% in value in 2025
- Holding at $0.31 is a small victory for buyers
- Upcoming events may impact Dogecoin’s performance
The world’s first memecoin has had a rough go at 2025 so far. Since becoming one of the fastest-rising cryptocurrencies of last year’s fourth quarter, Dogecoin has lost over 35% in value.
During its peak on December 8, DOGE traded at $0.48—its highest recorded value since May of 2021. At this time of writing, the memecoin is valued at $0.31 per token. Dogecoin is down 5.41%¨in the previous 24 hours, and nearly 18% over the past 30 days.
This recent poor performance has pushed Dogecoin to the sidelines, while a couple of weeks ago Doge and XRP were the most popular trending altcoins in the market.
The Upside
The fact that Dogecoin is holding on to the $0.31 level is a small victory for buyers in 2025. Despite the recent price loss, Doge still trades at one of its highest zones in history. The only other time the memecoin traded consistently above the thirty-cent margin was in 2021, a time when the currency hit its all-time highest price of around $0.53.
Since December 19, the $0.30 margin has been tested several times by buyers, all without success.Â
The fact that the memecoin refuses to go below this margin could mean that buyers are picking up strength when the market becomes more liquid. The next two weeks will hold several major news events that could bring more liquidity to the market, especially Donald Trump’s inauguration speech on January 20, and the change in leadership at the SEC.
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